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HSBC increases maximum return for 15-month AMPS linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Sept. 11 – HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Dec. 18, 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus triple the index return, subject to a maximum return that is now expected to be at least 18.6% instead of at least 17%. The exact cap will be set at pricing. If the index return is negative, investors will have one-to-one exposure to the decline.
HSBC Securities (USA) Inc. is the agent.
The notes will price Sept. 15 and settle Sept. 18.
The Cusip number is 40433BNC8.
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